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Jan 16, 2013
01/13
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will president obama compromise? >> i'm not sure he is going to compromise on this debt ceiling fight. it is important to talk about the broader contours of this actual debate. a year and a half ago we had an increase of 1 $2.1 trillion. and we are through that. and now we are up to $17 trillion. so, in my view to be candid. there is only one party that is remotely serious about dealing with this party. if we are talking tactics, what do you do if you are house republicans? you have leverage. you have talked about them already on this show. one of them is the debt ceiling fight. and the final one is the continuing resolution which is the stop gap thing because we haven't had a budget for four years. i agree with you. i think the president has the high ground there. he has a big weapon in his arsenal there. you have to give the president his way on that. >> if you pay the debt but you have to apportion out the money, the term for that is default. >> mark, my basic view is this is going to get done. but i'd like to mov
will president obama compromise? >> i'm not sure he is going to compromise on this debt ceiling fight. it is important to talk about the broader contours of this actual debate. a year and a half ago we had an increase of 1 $2.1 trillion. and we are through that. and now we are up to $17 trillion. so, in my view to be candid. there is only one party that is remotely serious about dealing with this party. if we are talking tactics, what do you do if you are house republicans? you have...
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Jan 18, 2013
01/13
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the last dozen years however, we have dropped below 2%. and the so-called obama recovery is just a tad above that 2% rate. which should be unacceptable. it is the worst in the post world war ii era. so the question tonight, what's holding back the american economy? here's my quick road map for an economic boom. start off with major cuts in government spending. we should stop paying people not to work. then cut large and small business tax rates to about 25% or less. both large and small business. finally, president obama, please, ease up on all the regulations. i want to talk about this because nobody should be satisfied with 2% growth. let's talk to our friend dean baker from the center for economic and policy research. welcome to both of you. all right, dean, i think 2% is way too low. i think we should be striving for something that's more than twice and that history of america. why can't we get there? >> i agree that's way too low. your policies, they tried that unity, they're back in recession or maybe they're scraping along. that's n
the last dozen years however, we have dropped below 2%. and the so-called obama recovery is just a tad above that 2% rate. which should be unacceptable. it is the worst in the post world war ii era. so the question tonight, what's holding back the american economy? here's my quick road map for an economic boom. start off with major cuts in government spending. we should stop paying people not to work. then cut large and small business tax rates to about 25% or less. both large and small...
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Jan 17, 2013
01/13
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CNBC
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more on that coming up. >> ebay trading at a seven-year high. is there more room to grow? that and much more coming up on the "closing bell" here on cnbc. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the legs. common s
more on that coming up. >> ebay trading at a seven-year high. is there more room to grow? that and much more coming up on the "closing bell" here on cnbc. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may...
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Jan 18, 2013
01/13
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aka obama care. once that goes into affect in 2014, companies that employ more than 50 full-time workers will either need to provide their employees with expensive health care coverage or pay $2,000 to $3,000 penalty. that's why businesses of all sizes are searching for ways to cope with this law, and the easiest way to avoid paying these expenses is to hire more temps. see, to qualify for health care coverage under the affordable care act, they have to work for 12 months. they are more likely to hire temp employees. you will try to have fewer than 50 full-time employees so you don't have to rely on obama care. and small businesses aren't alone in not wanting to cover health care costs. if you are a larger business, you'll be much more likely to hire temporary workers rather than full-time employees to avoid paying more for health insurance. even though obama care only kicks in starting in 2014, did you know companies need to start making these adjustments now? because the law has what's known as a 1
aka obama care. once that goes into affect in 2014, companies that employ more than 50 full-time workers will either need to provide their employees with expensive health care coverage or pay $2,000 to $3,000 penalty. that's why businesses of all sizes are searching for ways to cope with this law, and the easiest way to avoid paying these expenses is to hire more temps. see, to qualify for health care coverage under the affordable care act, they have to work for 12 months. they are more likely...
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Jan 18, 2013
01/13
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the biggest election day of last year was december 16th. you had president barack obama, putin, francois hollande and pena in mexico. shinzo abe in japan, december 16th, going to weaken the yen and restructure there, and we think japan has legs, maria. >> right. >> so you want to get exposure, big exporters, automobile companies, electronics. >> japan exporters are on fire and that's why that fund has been really increasing. >> you look at a chart, maria, goes straight up. >> hey, josh, you like health care stocks, too, at this level, don't you? >> we've been extremely bullish on health care since the early part of last-year, and there was absolutely nothing in the data, terk call or fundamental that tells us we should change our mind. one name to highlight is pfizer. they are about to spin off their animal health unit. if you know the data on how spinoffs typically perform, parent and child, you'll want to pay extra special attention to the timing of this deal, because i've got to tell you, i think it will be unlike a lot of value. i think
the biggest election day of last year was december 16th. you had president barack obama, putin, francois hollande and pena in mexico. shinzo abe in japan, december 16th, going to weaken the yen and restructure there, and we think japan has legs, maria. >> right. >> so you want to get exposure, big exporters, automobile companies, electronics. >> japan exporters are on fire and that's why that fund has been really increasing. >> you look at a chart, maria, goes straight...
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Jan 19, 2013
01/13
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so my question is why hasn't president obamas ceo jobs council even had a meeting for an entire year? he didn't even call keith boykin to help him out. well, maybe the president really doesn't care about economic growth and he doesn't care about some of the panel's very excellent conditions and recommendations. we're going to detain thbate tht after this brief message. ♪ ♪ ♪ [ male announcer ] you don't have to be a golf pro to walk like one. ♪ when you walk 10,000 steps a day, it's the same as walking a professional golf course. humana. health and well-being partner of the pga tour. fiber one. uh, forgot jack's cereal. [ jack ] what's for breakfast? um... try the number one! yeah, this is pretty good. [ male announcer ] over a third of a day's fiber. fiber one. [ male announcer ] over a third of a day's fiber. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance,
so my question is why hasn't president obamas ceo jobs council even had a meeting for an entire year? he didn't even call keith boykin to help him out. well, maybe the president really doesn't care about economic growth and he doesn't care about some of the panel's very excellent conditions and recommendations. we're going to detain thbate tht after this brief message. ♪ ♪ ♪ [ male announcer ] you don't have to be a golf pro to walk like one. ♪ when you walk 10,000 steps a day, it's the...
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Jan 18, 2013
01/13
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CNBC
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your 15-year-old self must be dying to know how. we'll tell you. back to you scott and the halftime crew. >> thanks so much. see you at the top of the hour. how low will the yen go? japanese stocks ripping again today. the yen continues to plunge against the dollar. should you bet against this trend? let's bring in kathy. this trade is not over. >> i don't think so. i think you are standing in front of the dollar/yen move and trying to short it is like trying to stand in front of a run away train. it is headed higher ahead of the boj meeting next week. >> early in the week, yeah? >> yes. it is going to be on tuesday in japan so i think that today we've seen a little yen weakness. on monday we'll continue to see a bit of yen weakness and maybe another break above the 90 level before the boj meeting. >> 90 is a key place for you in this trade. give us the levels. >> it is. basically i'm looking to come in dollar/yen and to pick up the currency and a little bit of a dip at 89.50 so not far from current levels. with the stock at 88 and i want to go hal
your 15-year-old self must be dying to know how. we'll tell you. back to you scott and the halftime crew. >> thanks so much. see you at the top of the hour. how low will the yen go? japanese stocks ripping again today. the yen continues to plunge against the dollar. should you bet against this trend? let's bring in kathy. this trade is not over. >> i don't think so. i think you are standing in front of the dollar/yen move and trying to short it is like trying to stand in front of a...
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Jan 15, 2013
01/13
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CNBC
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if we didn't have it, we would blow through it like we did for many years. yes, we're doing it differently now. we're talking about the debt ceiling in term of ways to have a discussion and reduce spending. is that different than it has been over the last 30 years? yes, but thankfully so. maybe if we had these discussions for the last 30 years we wouldn't be looking at $6 trillion in debt. we've done it to ourselves but this is the future and perhaps rightly so until we get things straightened out. >> we'll keep a close eye. thanks for coming to the camera. >> thanks for having me. >> still, the cost of america's crumbling of infrastructure. we're back in a moment. >> announcer: this cnbc program is sponsored by audi, truth in engineering. [ engine revs ] come in. ♪ got the coffee. that was fast. we're outta here. ♪ [ engine revs ] ♪ the street." i'm michelle caruso cabrera. a report just came out that shows how costly it is that we don't keep up our roads and waterways. more than $3 trillion off the nation's gdp through 2020. they believe we should be
if we didn't have it, we would blow through it like we did for many years. yes, we're doing it differently now. we're talking about the debt ceiling in term of ways to have a discussion and reduce spending. is that different than it has been over the last 30 years? yes, but thankfully so. maybe if we had these discussions for the last 30 years we wouldn't be looking at $6 trillion in debt. we've done it to ourselves but this is the future and perhaps rightly so until we get things straightened...
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Jan 18, 2013
01/13
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. >> on monday, president obama will be inaugurated for a second time. you have called obama care a variety of things. most famously, a form of fascism. a phrase you backed away from. why do you feel so strongly that obama care and this president is leading in the wrong direction? >> well, first i made a poor choice in words that got a lot of people upset. and of koirs that wasn't my intention. i'm a believer in free enterprise capitalism. i think it is what's lifted humanity out of poverty. i think it result in great progress we made in the world. a hundred years ago 85% of people alive lived on less than $1 a day. average life span, 30. now across the world, 68. 78 in the united states. that's due it capitalism. that's due to business. i would like to see healthcare based on free enterprise capitalism. instead it has moved to greater government control, which saps innovation, doesn't give us choices or innovations. i would much rather see a safety net for poor people so everyone can afford healthcare, but let the markets work. we have crony capitalism
. >> on monday, president obama will be inaugurated for a second time. you have called obama care a variety of things. most famously, a form of fascism. a phrase you backed away from. why do you feel so strongly that obama care and this president is leading in the wrong direction? >> well, first i made a poor choice in words that got a lot of people upset. and of koirs that wasn't my intention. i'm a believer in free enterprise capitalism. i think it is what's lifted humanity out of...
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Jan 16, 2013
01/13
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this year, well, it's fewer than half that. about 300 jets scheduled to land at dulles, and around 10 to 20 at reagan. the metropolitan washington port authority said obama's jet set popularity has fallen by more than 50%. granted, the whole inauguration this year is smaller this time. it's not the big historic event it was in 2009. during these budget cutting times, having fewer private jets fly to washington may not be a bad thing. but it is no secret that obama is less popular today with the super rich. congress just raising their taxes. and two years ago, he personally called for an end to tax breaks for private jet owners. it's no wonder some of them are keeping their jets at home this year. read more on cnbc.com. >> is it possible they're just taking a delta shuttle? >> maybe. but they kind of are voting with their tail fins this year. what's interesting is obama is on the one hand saying the rich need to pay their fair share, but also raising more money from the wealthy in this inauguration than last time. last year he h
this year, well, it's fewer than half that. about 300 jets scheduled to land at dulles, and around 10 to 20 at reagan. the metropolitan washington port authority said obama's jet set popularity has fallen by more than 50%. granted, the whole inauguration this year is smaller this time. it's not the big historic event it was in 2009. during these budget cutting times, having fewer private jets fly to washington may not be a bad thing. but it is no secret that obama is less popular today with the...
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Jan 19, 2013
01/13
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so it is kind of obama's fault. of course, the simpler explanation is not that obama planned all this. but the reason they have been taking moderate positions they have taken for years now, those just may be the positions. if the republican party can't agree to them or come up with popular ideas of their own, the problem may be within the republican party, not at 1600 pennsylvania avenue. barack obama is the president of the united states. he is a very powerful man, responsible for many things. but he is not why most republicans have taken a pledge, saying they will never raise a dollar in taxes no matter what the budget deficit looks like. he is not why they decided to put the whole u.s. economy at risk if they don't get their way on spending cuts. he is not why the white house partnered with gun legislation, no matter how small, is tantamount to taking away guns, he is not why extreme movements like extreme ideas like going back to a gold standard in the middle of an economic crisis have taken root on the right. t
so it is kind of obama's fault. of course, the simpler explanation is not that obama planned all this. but the reason they have been taking moderate positions they have taken for years now, those just may be the positions. if the republican party can't agree to them or come up with popular ideas of their own, the problem may be within the republican party, not at 1600 pennsylvania avenue. barack obama is the president of the united states. he is a very powerful man, responsible for many things....
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Jan 18, 2013
01/13
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president obama is bushing for stronger gun controls in this country. why then about 10 years or so ago in the illinois state l legislature when gun free zones came up he voted present and not for it. we will talk more about that. jack hannah an expert in animals. right? maybe not the expert you think. we are going to put him to the test. fox and friends start live in new york city 14 minutes from right now. reen giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant well, dad, i spent my childhood living with monks learning the art of dealmaking. you've mastered monkey-style kung fu? no. priceline is different now. you don't even have to bid. master hahn taught you all that? oh, and he says to say (translated from cantonese) "you still owe him five bucks." your accent needs a little work. >> a rare winter storm dumping several inches of snow in the southeast. one person has died and a storm warning is still in effect for several states this morning. nicole furgason is live in north carolina. good
president obama is bushing for stronger gun controls in this country. why then about 10 years or so ago in the illinois state l legislature when gun free zones came up he voted present and not for it. we will talk more about that. jack hannah an expert in animals. right? maybe not the expert you think. we are going to put him to the test. fox and friends start live in new york city 14 minutes from right now. reen giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant....
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Jan 14, 2013
01/13
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this year. this includes a path to citizenship for illegal immigrants already in the country. immigrants would have to pay fines and back taxes. it would require businesses to veri verify employees in the country legally. the president will lay out his annual state of the u.n. address set for february 12th. >> let's take a look at the markets this morning. at this point, the futures outlook is mixed. dow and s&p 500 futures are both indicated higher. fass dak futures are indicated slightly down, down by just over 7 points and i wonder if part of that is because of what is happening with apple. that sdun does the make up a big part of the post shares percentage. if you take a look at europe this morning, you'll see that it was at this point the averages there above fair value are trading higher in the early trade there. in france, cac is up by .4%. germany the dax is up by .6%. the ftse is lightly higher bay few points in london. in asia overnight, you'll see that the hang seng endeded up by almo
this year. this includes a path to citizenship for illegal immigrants already in the country. immigrants would have to pay fines and back taxes. it would require businesses to veri verify employees in the country legally. the president will lay out his annual state of the u.n. address set for february 12th. >> let's take a look at the markets this morning. at this point, the futures outlook is mixed. dow and s&p 500 futures are both indicated higher. fass dak futures are indicated...
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Jan 18, 2013
01/13
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president obama's approval rating is over 50%, it's at 52%. not bad. but not a real spike as sometimes you get with a re-elected president who benefits from the absence of bad feeling once the election is over. he's doing a little better, but he only moves in a narrow band. republicans or the congress, rather, is doing much, much worse. you see the approval rating for congress. it's only 14%. 81% disapprove of congress. that is epically bad and it shows the president has a bit of a strength in hand as he goes into the budget talks. so does this final number that i want to run through, which is if the budget talk fails, the debt limit is not raised and if there are consequences for the united states not meeting its obligations, who would you blame? 45% say they would blame republicans in congress. only 33% say they would blame pb and democrats. the bully pull pit has some value. democrats have a better image with the american people than republicans do. but nobody has a great image right now. and when we asked people, joe, the recent budget talks in was
president obama's approval rating is over 50%, it's at 52%. not bad. but not a real spike as sometimes you get with a re-elected president who benefits from the absence of bad feeling once the election is over. he's doing a little better, but he only moves in a narrow band. republicans or the congress, rather, is doing much, much worse. you see the approval rating for congress. it's only 14%. 81% disapprove of congress. that is epically bad and it shows the president has a bit of a strength in...
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Jan 16, 2013
01/13
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there has been a shift in the eligibility for welfare during the obama years. more people are getting heating assistance, cell phones. you name it, you can get more of it in the obama years. point is there is no plan to rein this in. the president is adamantly opposed to any spending cuts or any reining in of these run-away programs. >>gretchen: one in six americans now on food stamps. i think one in four children, i've heard, are on food stamps. >> 19.9 million children are fed by the federal government. >>gretchen: you know what comes to mind is i wonder what president bill clinton thinks about this. he's been an advocate of president obama, obviously helping him get reelected, but he was in charge of welfare reform. a lot of these things have been rolled back. i'm wondering what he thinks about this. >> i don't think he's said anything. he's been a big supporter of president obama in the election campaign last year, but i don't think welfare reform and the reversal of reform ever came up. i don't know what he thinks about this. >>steve: this could be one of
there has been a shift in the eligibility for welfare during the obama years. more people are getting heating assistance, cell phones. you name it, you can get more of it in the obama years. point is there is no plan to rein this in. the president is adamantly opposed to any spending cuts or any reining in of these run-away programs. >>gretchen: one in six americans now on food stamps. i think one in four children, i've heard, are on food stamps. >> 19.9 million children are fed by...
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Jan 18, 2013
01/13
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that's up about 7% since the obamas moved in four years ago and the white house's value peaked at just under $ 00 million in july 2006. given that that was the top of the property boom, pretty impressive that we're not that far off. we want to know, how much do you think the white house is really worth? join the conversation here on "worldwide exchange." get in touch with us, entertain me while ross is away. worldwide@cnbc.com. tweet us, @cnbcwex or @kelly evans. >>> next, u.s. planes will reportedly land in -- i'm sorry, u.s. planes have erroredly landed in algeria as hostage takers remain holed up in a gas complex. we will bring you the latest as we come back. >>> let's take a look at how european equities are right now. advancers generally outpacing decliners. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shippin
that's up about 7% since the obamas moved in four years ago and the white house's value peaked at just under $ 00 million in july 2006. given that that was the top of the property boom, pretty impressive that we're not that far off. we want to know, how much do you think the white house is really worth? join the conversation here on "worldwide exchange." get in touch with us, entertain me while ross is away. worldwide@cnbc.com. tweet us, @cnbcwex or @kelly evans. >>> next,...
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Jan 19, 2013
01/13
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CNN
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we saw record crowds here on the mall four years ago, of course, for president obama's first inauguration. and now officials aren't expecting a repeat, though. but still, they know that hundreds of thousands of people will be here, and that is a big challenge, of course, for security. cnn pentagon correspondent, chris lawrence, is on seventh street, keeping an eye on security there for us. chris, good morning to you. how many people do they have guarding the city right now as we prepare for the upcoming inaugural? >> reporter: randi, it's hard to put an exact number on it. we know most of d.c.'s 4,000 cops will be on duty. they've also pulled in about 2,000 to 3,000 other police officers from all around the country and about 6,000 national guard troops as well, who will be helping a lot of the federal agencies. so right there, doing the math, that's 12,000, 13,000. that's not even counting the atf, fbi, and secret service agents who will really be running this security plan. so a lot of people in place, you know, for this crowd, expected to be coming in the next couple of days or so. >> a
we saw record crowds here on the mall four years ago, of course, for president obama's first inauguration. and now officials aren't expecting a repeat, though. but still, they know that hundreds of thousands of people will be here, and that is a big challenge, of course, for security. cnn pentagon correspondent, chris lawrence, is on seventh street, keeping an eye on security there for us. chris, good morning to you. how many people do they have guarding the city right now as we prepare for the...
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Jan 15, 2013
01/13
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the slowdown in germany worse than expected compared to a 3% gdp reading the year before. >>> urging action, president obama, fed chairman bernanke and treasury secretary tim geithner all say congress must face the u.s. debt ceiling or face irreparable damage to the u.s. economy. >>> the third quarter revenue beats forecasts, h & m's top sales estimates, as well. >>> reports say the pcmaker has been in talk wes several private equity firms in recent months about a possible buyout. >>> right. we're just about to get the latest cpi numbers and producer price figures out for the uk. just to remind you, month on month forecast we're looking for a rise of .5%. there's a lot coming out at the same time. >> it's hard to grab these. >> cpi up. for once, it's hit the forecast, up 0.5% on the month, the annual rate 2.7%. that's exactly as forecasts suggested. the highest rate since may. rpi up 0.5%. the annual rate of rpi slightly less. rpx, the old measure we used to look at which includes housing but not mortgage costs, up 3% as expected. the biggest contribution to cpi came from utility bil
the slowdown in germany worse than expected compared to a 3% gdp reading the year before. >>> urging action, president obama, fed chairman bernanke and treasury secretary tim geithner all say congress must face the u.s. debt ceiling or face irreparable damage to the u.s. economy. >>> the third quarter revenue beats forecasts, h & m's top sales estimates, as well. >>> reports say the pcmaker has been in talk wes several private equity firms in recent months about a...
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Jan 19, 2013
01/13
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MSNBC
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president obama swept into office, four years ago in the waive of hope, but it it seems to show that things have soured and it seems more like cope rather than hope. what happened? >> this is a different environment than it was four years ago, craig and a couple of points. president bush does come into a success term in the strong political position. his approval readings is 52% and the second-term agenda items like gun control as well as immigration and you mentioned those attitudes about the direction of the country and about the economy and this is an american public right now that lowered its standards and lowered its expectations from four years ago. in some ways that's a good situation from the obama white house and sometimes lower expectations make it easier to get achievements done, but this is a country that is still being hit by the aftereffects of the great recession and also this poll comes after the terrible tragic shooting as well as the showdown in the new year. >> we polled folks when they were already pretty down. >> let me ask you about the war in iraq. president ob
president obama swept into office, four years ago in the waive of hope, but it it seems to show that things have soured and it seems more like cope rather than hope. what happened? >> this is a different environment than it was four years ago, craig and a couple of points. president bush does come into a success term in the strong political position. his approval readings is 52% and the second-term agenda items like gun control as well as immigration and you mentioned those attitudes...
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Jan 18, 2013
01/13
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MSNBC
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when at some point in the next few years donald trump succeeds in proving that obama's birth certificate's a fraud, how will that affect the ability to govern the country? no, no. i guess what i'm kind of struck by is we're talking about now few days away from the second inauguration, what are the big themes to define the obama term and seems to me maybe more than we have seen in the recent past, this second term really, the basic contours of the second term set in place. it is this fight over what the safety net is, what the balance between spending cuts and revenue increases should be in terms of dealing with the deficit. that's been the battle that's waged since early 2011 and republicans grabbed control of the house. they have the house for two years and feels like more of a ceremonial second inaugural than usual. >> yeah. and i think he's going to have a very tough -- toure was right saying i have a limited idea of how much to get done in this term. lbj in 1965 had had the largest landslide in history, more democrats in congress than any other time in the 20th century except for roose
when at some point in the next few years donald trump succeeds in proving that obama's birth certificate's a fraud, how will that affect the ability to govern the country? no, no. i guess what i'm kind of struck by is we're talking about now few days away from the second inauguration, what are the big themes to define the obama term and seems to me maybe more than we have seen in the recent past, this second term really, the basic contours of the second term set in place. it is this fight over...
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Jan 14, 2013
01/13
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obama. he isn't viewed as a skilled and experience capitol hill negotiations but he does not have strong ties to wall street. it is likely he will be confirmed by the senate. >>> the dow jones industrial average broke a two-week losing streak on wednesday. continued to rise through the week. the s&p 500 in fact closed at a new five-year high on thursday. earning season is under way and dow component alcoa picked off, profits were in line at alcoa while revenues were better than analysts expected. wells fargo beat expectations as did american express. apple is said to be considering a cheaper version of the iphone. the iphone5 costs about $200 with a contract with a wireless carrier. the less expensive version would have a plastic body. >>> the debt ceiling, new treasury secretary, will washington be an on stockles to the market and the economy or will washington be a help? joining me now is geg i and author of "the economist" and jerry webman, chief economist at oppenheimer funds. thanks for
obama. he isn't viewed as a skilled and experience capitol hill negotiations but he does not have strong ties to wall street. it is likely he will be confirmed by the senate. >>> the dow jones industrial average broke a two-week losing streak on wednesday. continued to rise through the week. the s&p 500 in fact closed at a new five-year high on thursday. earning season is under way and dow component alcoa picked off, profits were in line at alcoa while revenues were better than...
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Jan 15, 2013
01/13
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they vote against it when obama is in office. and vice versa. the problem or challenges now is the house where republicans don't want to vote for it and we need them, you know, it is sort of a luxury you have when the opposition controls the house. you can vote against it and have a nice little sort of moral standing there but the business of the country goes on. we are in a situation where if the house gop doesn't do something, then we have a real problem. >> yeah. the difference there just to be clear to everybody, it's not just that the opposition party has traditionally voted as a matter of protest against raising the debt ceiling. the norm changed is that house republicans demanded specific concessions in exchange for raising the debt ceiling, not just casting symbolic votes but saying we want trillions of dollars in cut, billions of dollars in cuts. that's new, using the debt ceiling as a bargaining chip but along the same lines i have noticed something maybe. that the ground is shifting here in terms of where the house republicans looking
they vote against it when obama is in office. and vice versa. the problem or challenges now is the house where republicans don't want to vote for it and we need them, you know, it is sort of a luxury you have when the opposition controls the house. you can vote against it and have a nice little sort of moral standing there but the business of the country goes on. we are in a situation where if the house gop doesn't do something, then we have a real problem. >> yeah. the difference there...
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Jan 18, 2013
01/13
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the thrill is gone after four years. president obama about to change the tone in washington. unfortunately, d.c. is still tone deaf. >> i'm steve kornacki. we are taking you through our favorite inauguration moments today and since the footage of 1864 is a bit grainy, i go with something slightly more contemporary. >> i'm krystal ball, this is another historic event. what president's past, present and future can learn from it. >>> t-minus two days until president obama makes history again. on sunday, he'll be sworn in for a second term in the highest office in the land. but did you know obama will become the second president ever to take the oath of office four times? yeah. that's right. steve kornacki told me that. in 2009, he took it twice after chief justice roberts botched it the first time. good job, john. the president will again the lay hand on the bible, january 20th required by the constitution but since it's a sunday, the parades, balls and public swearing in, the fourth oath, pushed until monday the mlk holiday. such poetic justice, that. don't expect the record tu
the thrill is gone after four years. president obama about to change the tone in washington. unfortunately, d.c. is still tone deaf. >> i'm steve kornacki. we are taking you through our favorite inauguration moments today and since the footage of 1864 is a bit grainy, i go with something slightly more contemporary. >> i'm krystal ball, this is another historic event. what president's past, present and future can learn from it. >>> t-minus two days until president obama...
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Jan 18, 2013
01/13
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from now, eight years from now president obama is going to go down as having an incredibly effective presidency in terms of legislation and moving the ball forward on a number of social issues. we haven't even talked about gay marriage, don't ask don't tell. >> oddly enough, he did what many presidents actually do in their second term. he did it in his first. so many presidents would have said, well, health care, that's going to be so difficult, i'm going to save it for year five after i'm safely re-elected. did he the contrarian thing. he got it done in the first two years, so, oddly enough, some of the old rules really don't apply. >> harold, in terms of the keeping o.f.a. active, although under a slightly different name, karl rove had nothing positive to say about that, unsurprisingly. let's play that. >> go figure. >> let's not pass over this ethics issue. for example, on the inaugural committee we now know the inaugural committee is collecting information about everybody who is attending the inaugural and says they will give it over to outside groups. well, is one of those group
from now, eight years from now president obama is going to go down as having an incredibly effective presidency in terms of legislation and moving the ball forward on a number of social issues. we haven't even talked about gay marriage, don't ask don't tell. >> oddly enough, he did what many presidents actually do in their second term. he did it in his first. so many presidents would have said, well, health care, that's going to be so difficult, i'm going to save it for year five after...
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Jan 18, 2013
01/13
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the thrill is gone after four years. president obama about to change the tone in washington. unfortunately, d.c. is still tone deaf. >> i'm steve kornacki. we are taking you through our favorite inauguration moments today and since the footage of 1864 is a bit grainy, i go with something slightly more contemporary. >> i'm krystal ball, this is another historic event. what
the thrill is gone after four years. president obama about to change the tone in washington. unfortunately, d.c. is still tone deaf. >> i'm steve kornacki. we are taking you through our favorite inauguration moments today and since the footage of 1864 is a bit grainy, i go with something slightly more contemporary. >> i'm krystal ball, this is another historic event. what
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Jan 18, 2013
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higher than most of his first year. our latest nbc news/"wall street journal" poll shows the approval rating at 52% but despite the number our first read team notes, quote, the president faces an american public that remains in a funk as the president spends a low-key day at the white house, the new official portrait is unveiled. the president is smiling more but there is a lot more gray and inauguration weekend in washington kicks off tonight with pre-inaugural balls. many of those for charity and then tomorrow a national day of service. there will be a service summit on the national mall followed by a children's concert hosted by the first lady and dr. jill biden. sunday, president obama will take part in a private swearing-in at the white house. an the date mandated by the constitution. monday, he'll take the oath of office at the capitol followed his inaugural address and then the parade and a night of balls. joining me now, political panel, chicago sun times washington bureau chief, lynn sweet and columnist zachary
higher than most of his first year. our latest nbc news/"wall street journal" poll shows the approval rating at 52% but despite the number our first read team notes, quote, the president faces an american public that remains in a funk as the president spends a low-key day at the white house, the new official portrait is unveiled. the president is smiling more but there is a lot more gray and inauguration weekend in washington kicks off tonight with pre-inaugural balls. many of those...
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Jan 14, 2013
01/13
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we know that president obama will have to deal with this one and probably this year. from the most urgent foreign policy issue to the most important, the relationship between the united states and china. how to prevent a new cold war when we come back. if there was a pill to help protect your eye health as you age... would you take it? well, there is. [ male announcer ] it's called ocuvite. a vitamin totally dedicated to your eyes, from the eye care experts at bausch + lomb. as you age, eyes can lose vital nutrients. ocuvite helps replenish key eye nutrients. ocuvite has a unique formula not found in your multivitamin to help protect your eye health. now that's a pill worth taking. [ male announcer ] ocuvite. help protect your eye health. ♪ ooh baby, can i do for you today? ♪ [ female announcer ] need help keeping your digestive balance? align can help. only align has bifantis, a patented probiotic that naturally helps maintain your digestive balance. try align to help retain a balanced digestive system. try the #1 gastroenterologist recommended probiotic. align.
we know that president obama will have to deal with this one and probably this year. from the most urgent foreign policy issue to the most important, the relationship between the united states and china. how to prevent a new cold war when we come back. if there was a pill to help protect your eye health as you age... would you take it? well, there is. [ male announcer ] it's called ocuvite. a vitamin totally dedicated to your eyes, from the eye care experts at bausch + lomb. as you age, eyes...
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Jan 18, 2013
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. >> you go gak in the foirs two years of the obama administration. the democrats have the white house, the senate and congress, and they did nothing. i blame both of them, and i went during the presidential campaign, i pointed out that mitt romney had champions an assault weapon ban in massachusetts when he was governor, signed the bill, got it passed and signed it. president obama, when he was running four years ago, he championed an assault weapons ban, said he would try to get it in if he got elected, and neither did anything. i crit kzed both of them. this is not a partisan thing. somehow or another, connecticut children, you know, suburban, nice, normal ro an rockwell kin image in your mind. somehow or other, that has touched the american public's heart. >> mr. mayor, thank you. >> thank you for having me. >> still ahead, the interview people have been waiting for for decades. what did lange armstrong say to oprah winfrey, and will he apologize to the millions of people whose lives he tore apart. we'll ask what they'll be looking for. ♪ [ male
. >> you go gak in the foirs two years of the obama administration. the democrats have the white house, the senate and congress, and they did nothing. i blame both of them, and i went during the presidential campaign, i pointed out that mitt romney had champions an assault weapon ban in massachusetts when he was governor, signed the bill, got it passed and signed it. president obama, when he was running four years ago, he championed an assault weapons ban, said he would try to get it in...
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Jan 14, 2013
01/13
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we know that president obama will have to deal with this one and probably this year. from the most urgent foreign policy issue to the most important, the relationship between the united states and china. how to prevent a new cold war, when we come back. so, we all set? i've got two tickets to paradise! pack your bags, we'll leave tonight. uhh, it's next month, actually... eddie continues singing: to tickets to... paradiiiiiise! no four. remember? whoooa whooaa whooo! you know ronny, folks who save hundreds of dollars by switching to geico sure are happy. and how happy are they jimmy? happier than eddie money running a travel agency. get happy. get geico. fifteen minutes could save you fifteen percent or more. schwab bank was built with all the value and convenience tdd#: 1-800-345-2550 investors want. tdd#: 1-800-345-2550 like no atm fees, worldwide. tdd#: 1-800-345-2550 and no nuisance fees. tdd#: 1-800-345-2550 plus deposit checks with mobile deposit. tdd#: 1-800-345-2550 and manage your cash and investments tdd#: 1-800-345-2550 with schwab's mobile app. tdd#: 1-800
we know that president obama will have to deal with this one and probably this year. from the most urgent foreign policy issue to the most important, the relationship between the united states and china. how to prevent a new cold war, when we come back. so, we all set? i've got two tickets to paradise! pack your bags, we'll leave tonight. uhh, it's next month, actually... eddie continues singing: to tickets to... paradiiiiiise! no four. remember? whoooa whooaa whooo! you know ronny, folks who...
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Jan 20, 2013
01/13
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four years ago, david, enormous expectations for president obama, and there were a lot of people, hope and change was big. this time, call it pragmatic hope as far as the public is concerned. as you see here, just less than 30% believe they're going to evaluate president obama with a clean fresh slate. 64% will evaluate him based on past feelings. and here, a continuation of a trend we saw throughout the first term. very much similar frankly to what ronald reagan tell with in his first four years. personally, the public really likes president obama. 74%. but his policies, again, more people disapprove of the policies. 49%, than approve of them there, at 47%. so what about the next four years? sort of a mixed optimism, if you will. i go back to the idea of pragmatic hope. 43% optimistic. 35% pessimistic. 22% kind of mixed. and staying with the theme of word clouds, david, we asked folks to send a message to president obama. what would they like to say for his second term? and as you can see here, look at the most popular phrases. a lot of them have to do with the economy. fix the econom
four years ago, david, enormous expectations for president obama, and there were a lot of people, hope and change was big. this time, call it pragmatic hope as far as the public is concerned. as you see here, just less than 30% believe they're going to evaluate president obama with a clean fresh slate. 64% will evaluate him based on past feelings. and here, a continuation of a trend we saw throughout the first term. very much similar frankly to what ronald reagan tell with in his first four...
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Jan 19, 2013
01/13
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obama's agenda on every sing le issue. this poll, i think, is a report card. it didn't work very well. 26% of the american people think you're okay. republicans lost seats in the senate and in the house and this poll really is a wake-up call. if they don't make some kind of change. republicans at the virginia retreat held a panel discussion on how to communicate with minorities and women. the panel included two hispanic women and three white guys. no african-americans were on the panel at all. it was an unfortunate coincidence. the meeting was also being held at the burwell plantation room, named for a slave-owning family. good old virginia. the new chairman of the nrcc, congressman greg walden, said we will be building out further and deeper into the minority communities. we recognize republicans have good answers. we just have had bad communication communications in many cases. the republican party reached so far and so deep, they came up with a six-member panel with no african-americans to talk about minority outreach?
obama's agenda on every sing le issue. this poll, i think, is a report card. it didn't work very well. 26% of the american people think you're okay. republicans lost seats in the senate and in the house and this poll really is a wake-up call. if they don't make some kind of change. republicans at the virginia retreat held a panel discussion on how to communicate with minorities and women. the panel included two hispanic women and three white guys. no african-americans were on the panel at all....
WHUT (Howard University Television)
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Jan 21, 2013
01/13
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not every president gets his second term, but now barack obama begins four more years in the white house. washington has been preparing itself for days. security is incredibly tight. roads have been closed and cleared to make way for the presidential parade. >> the excitement is fantastic, the atmosphere is fantastic. >> we are a country of strong people and good people. obama has the ability to bring the best in all of us. >> i think we should still celebrate. >> the first inauguration of america's first black president was extraordinary. four years ago nearly 2 million people braved the cold and squeezed into the mall. there will be fewer today. here on the steps of the capital president obama will address the crowd. a timeless ceremony with contemporary touches. the national anthem will be sung by beyonce. this year's prime for a party and several hundred thousand people from across the united states have traveled here to be a part of it. the inauguration is a celebration of american democracy. a moment for their president to inspire, unite, and speak to his foes and fans. >> presiden
not every president gets his second term, but now barack obama begins four more years in the white house. washington has been preparing itself for days. security is incredibly tight. roads have been closed and cleared to make way for the presidential parade. >> the excitement is fantastic, the atmosphere is fantastic. >> we are a country of strong people and good people. obama has the ability to bring the best in all of us. >> i think we should still celebrate. >> the...
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Jan 14, 2013
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part of the political evolution that's taken place over the last hundred years. a new article about king coal and he joins me now. reed, it's interesting. people will look at this and say, oh, this is just a reaction to president obama. and what i wanted to make sure people understood is this is something, it's more about as the environmental movement became more synonymous with the democratic party, and this is split. because coal workers are union guys. >> and this is part of a large shift that's happened a couple of times in. the unionization movement grew, labor became a huge force and democrats basically controlled west virginia and kentucky on and off. for the better part of the 20th century. then after bill clinton's administration, democrats came to rely more on environmentalists as a leg of their stool. the environmental movement grew and democrats became more of a coastal country, coastal party that is and the party has slipped over the last couple of decades. the republicans won the kentucky state senate in 2000. one of the few highlights was knocking
part of the political evolution that's taken place over the last hundred years. a new article about king coal and he joins me now. reed, it's interesting. people will look at this and say, oh, this is just a reaction to president obama. and what i wanted to make sure people understood is this is something, it's more about as the environmental movement became more synonymous with the democratic party, and this is split. because coal workers are union guys. >> and this is part of a large...
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Jan 16, 2013
01/13
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two years ago. you're starting to see some governors and some people in congress, some republicans, the northeastern republicans realize that the tea party is going to ride them out of their own party if they don't change their
two years ago. you're starting to see some governors and some people in congress, some republicans, the northeastern republicans realize that the tea party is going to ride them out of their own party if they don't change their
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four years showed he wasn't doing rel by failing to keep some of his pledges pledges and it's to can questions if it's a trend that's here to stay. it's generally thought that a second term six u.s. president walks those handcuffs that kept them from doing great things in their first term because they had to think about getting reelected all the time in the last four years we've heard many times president obama's hands are tied on this issue word that issue suppose this election has on tied his hands we don't have a crystal ball to tell you what he's going to do with those three presidential hands but we may already see signs of what is to come president obama steps into his second term carrying a heavy load of promises along with the pledge the threat of another devastating war in the middle east for four years president obama pushed to a great extent by israel as war with iran i will take no options off the tape and what i see. some believe the appointment of chuck hagel as defense secretary who is known to have been against a strike on iran may be a sign that the new obama adminis
four years showed he wasn't doing rel by failing to keep some of his pledges pledges and it's to can questions if it's a trend that's here to stay. it's generally thought that a second term six u.s. president walks those handcuffs that kept them from doing great things in their first term because they had to think about getting reelected all the time in the last four years we've heard many times president obama's hands are tied on this issue word that issue suppose this election has on tied his...
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Jan 19, 2013
01/13
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FOXNEWS
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. 67% in the polls four years ago. 18 point decline from that. the way that he is operating is not designed to make him more popular and bring the country together. >> now, one of the people that is thought to be a competitor to the democrats in the next presidential election is governor chris christie of new jersey. recently the nra took out an add saying that president obama is a hypocrite because he sends his children to school protected by armed guards and that he doesn't want armed guards at other schools. christie didn't like that ad by the nra and said this. >> don't be dragging people's children into this. it's wrong. and i think it demeans them. and it makes them less of a valid, trusted source of information on the real issues that confront this debate. >> so what did you think? >> well, a reasonable objection to the nra, remember, he is from new jersey, a blue state. he has got to get reelected this year. and he has a legitimate beef with the ad. i frankly think the underlying point of the nra ad accurate one. there is is elite in amer
. 67% in the polls four years ago. 18 point decline from that. the way that he is operating is not designed to make him more popular and bring the country together. >> now, one of the people that is thought to be a competitor to the democrats in the next presidential election is governor chris christie of new jersey. recently the nra took out an add saying that president obama is a hypocrite because he sends his children to school protected by armed guards and that he doesn't want armed...
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Jan 19, 2013
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president obama, the biggest spending chief executive in history. so, i have to play paul revere here. i have to continue to tell you the truth. i also believe many americans simply will not listen. and even worse, they are not smart enough, not smart enough to even care. disaster could be coming. that's the memo. now for the top story tonight. another point of view. joining us from new york city, fox business anchor lou dobbs. lou, according to a "wall street journal" poll, president obama's approval rating is at 52%. what do you think of about b. that. >> first of all inexplicable. man who has raised taxes on just about everybody. has run up 4 consecutive trillion-dollar federal budget deficits in his first term. he has an economy that is not being returned to prosperity. 23 million people still unemployed. we have, i think bill. i think if i may. you undersell folks just a little bit in that i think everybody is smart enough to know there is is a problem. i think everybody is pretty much smart enough to know that we have got to come up with a sol
president obama, the biggest spending chief executive in history. so, i have to play paul revere here. i have to continue to tell you the truth. i also believe many americans simply will not listen. and even worse, they are not smart enough, not smart enough to even care. disaster could be coming. that's the memo. now for the top story tonight. another point of view. joining us from new york city, fox business anchor lou dobbs. lou, according to a "wall street journal" poll, president...